Will the Market Pick a Direction?

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 20 October 2022

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

The yield on the 10-year U.S. Treasury note surged to a fresh cycle high of 4.18% on Thursday, as stocks struggled to hold gains amid more hawkish talk from Federal Reserve officials about inflation. Across the pond, the British pound has returned to pre-mini-budget level, the gilt market has calmed, and Liz Truss has resigned as the shortest-serving Prime Minister of the United Kingdom in history. And Elon Musk might someday own Twitter, but his electric car business posted weak earnings. Tom Thornton, the founder of Hedge Fund Telemetry, joins Ash Bennington for today’s Daily Briefing to talk about how he’s approaching the markets these days, the bullish pattern developing in crude oil, and Tesla’s disappointing quarter. We also hear from Christopher Dembik about the U.K.’s devolution into an emerging market. Watch Ash Bennington’s full interview with Christopher Dembik here: https://rvtv.io/3CINMEc. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This episode is brought to you by Shopify.
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0:37.0	Will the market pick a direction? Welcome to the Real Vision Daily Briefing.
0:40.0	It's Thursday, October 20, 2022. I'm Ash Bennington.
0:44.0	Join today by Tommy Thornton, founder of hedge fund telemetry.
0:49.0	Quick reminder, our live chat function on the Real Vision site is temporarily down.
0:53.0	So please drop your questions in the comments section on the Real Vision website or in the live chat on YouTube or tweet to us directly at Real Vision.
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1:33.0	All right, I think that will make Ralph happy. So let's get back to it. Tommy, welcome back to the show.
1:39.0	Thanks for having me. Nice to see you.
1:42.0	Kind of wild time in the market right now.
1:45.0	It sure is. It's a great day to have you on Tommy. I've been off in crypto land all day. What are you looking at? What are your big stories?
1:52.0	Crypto land. Yes, yes, it still exists. It's like on the moon. You know, it's like Capricorn one. It's not really there. But anyway.
2:02.0	I don't believe in the moon landing. I'm just kidding.
	...

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